Loan Originators

Creditstar Group, a provider of consumer financial services in Europe, was established in 2006 in Estonia, where they hold approximately 40% market share.

Creditstar Group, a provider of consumer financial services in Europe, was established in 2006 in Estonia, where they hold approximately 40% market share.

The Group is run by an entrepreneurial team of more than 140 people from more than 20 nationalities. Creditstar has surpassed the one million user accounts milestone, serving customers across eight countries in Europe, including Estonia, Finland, Sweden, Poland, UK, Czech Republic, Spain and Denmark.

The company is one of the most seasoned issuers in the Baltic bond market, with 26 successful issues since established.

At Lendermarket, Creditstar Group AS provides the investors with a group buyback guarantee to secure each loan originator’s obligations.

Creditstar’s revenue and customer growth have been fueled by entry to new geographical markets, expanding customer base and product development. The company offers unsecured online and mobile consumer loans in the amount of 50 to 10,000 euros for a period of 5 days to 36 months (or longer in case of credit line). Lending activity is supported by an industry-leading infrastructure that meets strict regulations and provides an exceptional user experience. Creditstar Group acts according to the Responsible Lending policy and thoroughly checks the background of all loan applicants.

At Lendermarket, Creditstar Group AS provides the investors with a group buyback guarantee to secure each loan originator’s obligations. Creditstar can extend the duration of a loan by paying interest, as per loan schedule. A maximum of six extensions is allowed, 30 days per extension.

Loan originator Country Buyback obligation Group guarantee Loans listed at Lendermarket* Skin in the game Operating since Average interest rate at Lendermarket

CountryPoland
Buyback obligationYes
Group guaranteeYes
Loans listed at Lendermarket*15,485,000 €
Skin in the game5%
Operating since2016
Average interest rate at Lendermarket15%

About company

Registered as a loan institution in the Polish Financial Supervision Authority (KNF), Creditstar Poland Sp.z.o.o. has been a part of the Group since January 2015.

The group set up an office in Warsaw, in addition to the headquarters in Tallinn, Estonia. Warsaw is an excellent strategic location for Credistar’s business growth and highly qualified talent.

The company grants loans for a period of 30 to 90 days, and repeat borrowers can increase the loan amount to PLN 5,000.

CountrySpain
Buyback obligationYes
Group guaranteeYes
Loans listed at Lendermarket*14,668,750 €
Skin in the game5%
Operating since2016
Average interest rate at Lendermarket15%

About company

Creditstar Spain SL has been part of the Group since December 2015. The team is proud to cooperate with the Spanish Association of Microloans and apply their Code of Ethics.

Loans are offered for 5 to 30 days, and repeat borrowers can increase the loan amount up to 1,000 euros. The seamless process of loan application makes funds available to borrowers in a matter of minutes.

CountryEstonia
Buyback obligationYes
Group guaranteeYes
Loans listed at Lendermarket*11,628,500 €
Skin in the game5%
Operating since2017
Average interest rate at Lendermarket14.9%

About company

Monefit revolving credit launched in 2017, and it is the latest generation of lending products in Creditstar Group. Similarly to credit cards, the new product allows customers to withdraw and repay funds flexibly according to their needs and circumstances (although minimum monthly repayment applies).

Monefit Estonia OÜ is a licensed creditor under the Estonian FSA – Finantsinspektioon – since 2016.

CountryFinland
Buyback obligationYes
Group guaranteeYes
Loans listed at Lendermarket*7,548,500 €
Skin in the game5%
Operating since2010
Average interest rate at Lendermarket12.8%

About company

Creditstar Group AS began international expansions in 2009 and Finland was the first market. Creditstar Finland has consolidated their position within Creditstar, growing the business year after year.

The company is regulated by the Finnish Regional State Administrative Agencies.

The team provides credit in a responsible manner offering amounts up to 2,000 euros, for the duration of 30 days to 12 months.

CountryDenmark
Buyback obligationYes
Group guaranteeYes
Loans listed at Lendermarket*849,000 €
Skin in the game5%
Operating since2019
Average interest rate at Lendermarket13.6%

About company

Creditstar Denmark ApS has been operating since receiving authorisation from the Danish Financial Supervisory Authority in 2019.

The company follows responsible lending principles and offers personal loans to qualified customers through a fast and simple application process. Their loan period is 12 months, and the borrowers can apply for up to DKK 12,000.

CountryCzech
Buyback obligationYes
Group guaranteeYes
Loans listed at Lendermarket*525,500 €
Skin in the game5%
Operating since2016
Average interest rate at Lendermarket14.8%

About company

Creditstar Czech began operations in 2016. The company is under supervision as a non-bank consumer credit provider by Czech National Bank.

Creditstar Czech provides customers with short-term loans for a period of 5 days to 6 months. Repeat borrowers may apply for up to CZK 25,000.

CountrySweden
Buyback obligationYes
Group guaranteeYes
Loans listed at Lendermarket*392,500 €
Skin in the game5%
Operating since2011
Average interest rate at Lendermarket14.6%

About company

Since 2011, Creditstar Sweden AB is authorised and regulated as a consumer credit company by the Swedish Financial Supervisory Authority – Finansinspektionen.

The dedicated team of Creditstar Sweden offers unsecured loans to qualified customers through a fast online process. The loan period can be from 6 to 24 months. A person can apply to borrow between SEK 5,000 and SEK 50,000.

Credory was founded by a few Estonian real estate and banking experts. At present, Credory provides commercial loans to SMEs based in Estonia that are collateralised with real estate.

Credory solely issues real estate loans, which tend to fall into three distinct categories – business loans for expansion purposes, loans for small real estate developments, and bridge loans for real estate transactions. Credory’s loans can vary in size, ranging from €25,000 to €500,000, with the average loan valued at €100,000. In terms of length, Credory primarily issues loans with a term of six to 24 months, although the average duration across the entire portfolio tends to be approximately 15 months.

As Credory’s average Loan-to-Value ratio is less than 65%, this highlights the secure nature of the company’s investment products. In addition, the default rate on these loans currently sits at 0%.

Credory can extend the duration of a loan by paying interest, as per loan schedule. A maximum of one extension is allowed, 90 days in total.

Loan originator Country Buyback obligation Group guarantee Loans listed at Lendermarket* Skin in the game Operating since Average interest rate at Lendermarket

CountryEstonia
Buyback obligationYes
Group guaranteeYes
Loans listed at Lendermarket*101,650 €
Skin in the game5%
Operating since2020
Average interest rate at Lendermarket8.4%

About company

Credory was founded by a few Estonian real estate and banking experts. At present, Credory provides commercial loans to SMEs based in Estonia that are collateralised with real estate.

QuickCheck is a Nigerian Fintech company founded in 2017 with a vision of enabling financial inclusion for micro-entrepreneurs and consumers in Nigeria.

To achieve this goal, the Company provides micro-loans through its digital platform to underserved Nigerian consumers and micro businesses through a mobile application and hassle free lending process which does not require lengthy application forms or any paper documentation. 

It currently offers microloans with a maturity of up to 360 days and an average value of NGN 30,000 ($80). QuickCheck constantly develops and invests in its operational capacity, loyalty building customer experience and cutting edge technology. As a result, returning customers account for 70% of loans provided each month.

QuickCheck recently concluded its Series A fundraise which was oversubscribed by 127%, led by Channel VAS and Knuru. With the successful conclusion of the capital raise of $4.9 million, QuickCheck seeks to reinforce its presence in the lending space as the entrepreneurs’ favorite banking experience focused on productive credit and ancillary services that enable customers to grow.

QuickCheck can extend the duration of a loan by paying interest, as per loan schedule. A maximum of one extension is allowed, 30 days in total.

Loan originator Country Buyback obligation Group guarantee Loans listed at Lendermarket* Skin in the game Operating since Average interest rate at Lendermarket

CountryNigeria
Buyback obligationYes
Group guaranteeNo
Loans listed at Lendermarket*0 €
Skin in the game5%
Operating since2017
Average interest rate at Lendermarket13%

About company

QuickCheck is a Nigerian Fintech company founded in 2017 with a vision of enabling financial inclusion for micro-entrepreneurs and consumers in Nigeria. To achieve this goal, the Company provides micro-loans through its digital platform to underserved Nigerian consumers and micro businesses through a mobile application and hassle free lending process which does not require lengthy application forms or any paper documentation. 

 

It currently offers microloans with a maturity of up to 360 days and an average value of NGN 30,000 ($80). QuickCheck constantly develops and invests in its operational capacity, loyalty building customer experience and cutting edge technology. As a result, returning customers account for 70% of loans provided each month.

 

The Company recently concluded its Series A fund raise which was oversubscribed by 127%, led by Channel VAS and Knuru. With the successful conclusion of the capital raise of $5 million, the company seeks to reinforce its presence in the lending space as the entrepreneurs’ favorite banking experience focused on productive credit and ancillary services that enables customers to grow.

* Loans listed at Lendermarket are reflecting the amount that Lendermarket investors have invested into published loans. These numbers might vary from how Loan Originators publish and report their loan portfolio statistics.